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Seller
Information
Our full and part time brokerage staff is available seven
days a week to advertise, market, show and sell your used boat or yacht. The following
outline details the process of selling your boat from listing to final sale.
| 1. |
THE LISTING
PROCESS*:
We begin by combining market
data, local information and our years of expertise to set a selling price that demands
action. We will also recommend any actions that will help you improve the
marketability of your boat, and shorten the sales cycle (i.e., waxing, teak care, repairs,
etc.). |
| 2. |
LOCATION &
AVAILABILITY:
Next, we help you
decide where to locate your boat for the best results - your dock or marina?, our marina,
in-water or in-rack storage? We agree on showing instructions that minimize any
inconvenience to you, but maximize the availability of your boat to prospects. |
| 3. |
PRESENTING OFFERS:
Offers on your boat are
always in writing accompanied by a 10% escrow deposit to demonstrate good faith and
protect you during the remainder of the sales process. |
| 4. |
SEA TRIAL:
Upon agreement of a selling price,
your boat will be made available for a sea trial. We will ask you to operate the
vessel during this short test, but if necessary, a professional captain or a member of our
sales staff will operate the boat. This is an important milestone in the sale of your boat
and we will assist you in determining that your boat is in top condition for this test.
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| 5. |
THE SURVEY PROCESS:
After a successful sea
trial, most buyers will perform some type of due diligence process, usually engine and/or
hull and engine surveys. These services are performed by professionals and
specialists at the buyer's expense. Price adjustments and/or repairs may be
necessitated by the survey process. We will assist you in negotiating these items in
a fair and equitable manner. |
| 6. |
COMPLETING THE SALE:
At this point we protect
both buyer and seller by ensuring that liens and mortgages are paid off prior to vessel
transfer, that all local and federal registrations and documents are complete and/or
applied for and that all funds are received and distributed in an appropriate manner to
complete the sale. |
* Our commission policy is explained in detail during the listing process.
Basically, our commission consists of 10% of the agreed to gross sales price. Our
standard listing requires a six month commitment to our services.
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